Equities

Stock Market ● 11 months ago
Change of guard at Turnall Holdings

ZSE listed building and piping products manufacturer Turnall Holdings has announced the appointment of a new Managing Director effective 1 December 2020 as part of a  series of board changes that have occurred in the group over the past 6 months. According to a statement released through the ZSE on Friday the 11th of December: “The Turnall Holdings Board is pleased to announce the appointment of...


Markets ● 11 months ago
Markets ● 10 months ago
Old Mutual Exchange Traded Funds lists on the ZSE

Old Mutual ETF debuts on the ZSE Makes history as the first ETF to be traded on the ZSE More ETF listings expected in the near future Old Mutual became the first entity to successfully list and trade Exchange Traded Funds (ETFs) on the Zimbabwe Stock Exchange, after trades valued at $4,74 million were completed as the market resumed post holidays. Prior to the introduction of ETFs, the ZSE...

Stock Market ● 10 months ago
Stocks falter in early trades of the year

ZSE Daily Comment 06.01.21 *Performance Charts incl (ZSE indices, ZSE Value Traded, Interbank) The ZSE ended the tumultuous 2020 at record highs, only to plunge on the first session of the year on Monday. The local bourse has largely been sailing in tandem with global markets. At the close of business today, global stocks had collectively slipped amid a fresh wave of the novel, Corona virus, whi...

Markets ● 8 months ago
Padenga warns of sharper losses for the second year running

Padenga’s profit warnings highlights devastating COVID-19 effects Meat exports came off to nil as European restaurents closed during lockdown Company optimistic of rebound on the outlook Zimbabwe’s biggest producer and exporter of crocodile skin Padenga, has issued a underwhelming profit warning statement ahead of the company’s year-end (2020) financials release. In a statement the company...

Stock Market ● 7 months ago
Runaway Inflation Drags GetBucks Opex To New Heights

ZSE-listed microfinancer GetBucks posted a ZWL 45 million loss for the year ended December 31st 2020 following a hyperinflationary financial year. The Covid-19 pandemic compounded the Bank's losses in the period, with operational expenditure ballooning to ZWL 160 million at the end of 2020, up from ZWL 115 million in the 2019 financial calendar. Inflation on the other hand closed the year at a rea...


Markets ● 7 months ago
Covid-19 Further Delays TRUWzw HY-20 Result Release

ZSE-listed international retailer Truworths was recently granted an extended grace period for their HY-20 result publication. This follows periodic operational disruptions in the company's 2020 Q1 and Q2, a period characterised by Staff adjustments to remote working Partial and in some cases complete halt in trading of their stores as well as Reduced trading hours when stores were permitted t...


Personal Finance ● 6 months ago
Breaking-down the ART-Softex-Nampak deal: additional costs in the US$ 800k transaction

A quick look at the May 5th 2021 Nampak-Softex-ART US$ 800k announcement reveals some addtional costs involved between the transacting parties, costs one might not immediately consider on hearing about the Softex sale.         Central Bank All funds in the transfer are reportedly due electronically, with payments spread out over six equal monthly installmentsImplication Each transfer is sub...

Stock Market ● 6 months ago
Balance Sheet Preservation Key In FBC FY-20 Performance

Recently released FY-20 financials revealed a mixed set of gains and losses by the Holdings Group, following a roller-coaster 2020 dominated by inflationary pressure and Covid-19 disruptions.  Highlights Cash & equivalents down 57% Asset Base up 19% Optimistic FY-21 outlook  As has been the trend in FY-20 banking industry results, listed financial institutions have sought to safe-guard ba...

Stock Market ● 6 months ago
Depressed Consumer Spending Hinders BAT Segment Performance

Tobacco retail and distribution company BAT posted 3% growth in sales volumes for the quarter ended March 2021 (FY-21 Q1). This on the back of a 12% sales volume decline at the end of 2020. Prevailing economic conditions driven by a Q1 Covid-19 lockdown however dragged sales in the period down.Q1 Highlights Market return of Dunhill  Dunhill sales up 91% Net Turnover up 75%   Premium brand Dun...

Stock Market ● 6 months ago
Production Slide Continues at Border Timbers

The forestry & sawmilling specialists reported a second consecutive quarterly production volume declines. The drop in output was a continuation of production bottlenecks in the previous quarter, bottlenecks brought-about by market-wide Covid-19 disruptions.   Highlights for the Quarter (FY-20 Q3) Total Production Volumes ⬇️ 26% Sales Volume ⬇️ 25% Revenue ⬇️ 28%   Lumber increased its o...